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by dgroshev
218 days ago
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Raising taxes is necessary because the previous governments have decimated the tax base. As of now, a median UK PAYE worker is paying about 13% on their income. A median German worker is paying about 30%. This remarkable result was achieved by the backdoor: successive conservative governments obscured the stagnation by constantly increasing the personal allowance far in advance of the inflation. This bought them votes [1], but as a result we have a baroque tax system that tries to squeeze tax from less visible, often counter-productive places, and still doesn't collect nearly enough to cover necessary expenses. After a decade of cuts, every public service is cut to the bone, and there's no money to invest into hospitals, roads, or trains to increase the overall productivity. PIP bullshit is a drop in the bucket compared to that. [1]: https://www.reddit.com/r/HENRYUK/comments/1jsyzip/tax_rates_... |
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